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College and University Discussion
Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"
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[quote=Anonymous][quote=Anonymous]Top 1% HHI is 650k. Approximately 1.3M Americans HHs are in the top 1% households. Then expand it to the top 5%, which is 342k. That's, what, 6.5 million households. Let's say at any given time 5% of that 6.5 million has kids in college. That's 325,000 college-bound kids. More than enough to fill all the elite colleges and LACs. Which is your answer. Between the wealthy, who can pay tuition out of yearly income to the merely upper middle class who can pay out of combined savings and income. [/quote] Yep, this is it. Plus all the international millionaires and billionaire. There’s just a lot of people for whom $85k a year per kid isn’t a big deal. [/quote]
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